LIM equity financing of C$110 million


 
TIDMAYM 
 
Anglesey Mining plc - LSE:AYM 
 
5 April 11 
 
LIM announces C$110 million equity financing 
 
Anglesey Mining's associate Labrador Iron Mines Holdings Limited (TSX:LIM) (the 
"Company" or "LIM") (hitherto 41% owned) is pleased to announce that in 
connection with its previously announced overnight marketed public offering on 
April 4, 2011 (the "Offering"), it has entered into an underwriting agreement 
with a syndicate of underwriters led by Canaccord Genuity Corp. and including 
BMO Nesbitt Burns Inc., Jennings Capital Inc., Haywood Securities Inc. and 
Scotia Capital Inc. (the "Underwriters") to sell 8,000,000 common shares (the 
"Common Shares") at a price of C$12.50 per Common Share and 666,700 
flow-through shares (the "FT Shares", and together with the Common Shares, the 
"Underwritten Shares") of the Company at a price of C$15.00 per FT Share for 
aggregate gross proceeds of C$110,000,500. 
 
LIM has also granted the Underwriters an over-allotment option to purchase up 
to that number of additional common shares (the "Over-Allotment Common Shares", 
and together with the Common Shares and FT Shares, the "Offered Securities") 
equal to 15% of the Common Shares sold pursuant to the Offering, exercisable at 
any time up to 30 days after and including the closing of the Offering at a 
price equal to the offering price of the Common Shares of C$12.50 per share. 
 
Anglesey Mining plc has not taken part in the equity financing. Following the 
issue of the Underwritten Shares Anglesey's holding in LIM will represent 33.8% 
of LIM's issued share capital; assuming the Over-Allotment Common Shares are 
also issued, Anglesey's holding in LIM will be 33.1%. 
 
LIM intends to use the net proceeds from the Offering for upgrades to and 
expansion of the Silver Yards plant, for payments under the recently announced 
rail transportation agreements, for exploration and development of its mineral 
projects, and for general corporate and working capital purposes. 
 
The Offering is being made pursuant to a short form prospectus filed in each of 
the provinces of Canada other than Quebec. The Offered Securities are not 
registered under the U.S. Securities Act of 1933, as amended, and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from the registration requirements. 
 
This press release does not constitute an offer of securities for sale in the 
United States. The securities being offered have not been, nor will be, 
registered under the United States Securities Act of 1933, as amended, and may 
not be offered or sold within the United States absent U.S. registration or an 
applicable exemption from U.S. registration requirements. 
 
About Labrador Iron Mines Holdings Limited (LIM) 
 
LIM's Schefferville Area project involves the development of twenty direct 
shipping iron ore deposits in western Labrador and north-eastern Quebec near 
Schefferville, Quebec. The Company's properties are part of the historic 
Schefferville area iron ore district where mining of adjacent deposits was 
previously carried out by the Iron Ore Company of Canada from 1954 to 1982. 
 
LIM contemplates mining in stages, the first phase of Stage 1 comprising the 
James and Redmond deposits, which are located in close proximity to existing 
infrastructure, and for which all operating permits have been issued and plant 
construction and mine development is nearing completion. 
 
About Anglesey Mining plc 
 
Anglesey Mining with its LSE main board listing is primarily focused on its 41% 
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that 
may be brought forward the company owns 100% of Parys Mountain in North Wales 
with an historical resource in excess of 7 million tonnes at over 9% combined 
copper, lead and zinc. 
 
For further information, please contact: 
 
Bill Hooley, Chief Executive +44 (0) 1492 541981 
 
Ian Cuthbertson, Finance Director +44 (0) 1248 361333 
 
Emily Fenton / Charlie Geller, 
 
Tavistock Communications +44 (0) 20 7920 3155 / +44 (0) 7788 554035 
 
 
 
END
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